JBT Marel (NYSE:JBTM) Raised to Strong-Buy at KeyCorp

JBT Marel (NYSE:JBTM) was upgraded by research analysts at KeyCorp to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

JBTM has been the topic of several other reports. Seaport Research Partners set a $165.00 price objective on shares of JBT Marel in a research report on Thursday, May 21st. Wall Street Zen downgraded shares of JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Weiss Ratings cut shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Zacks Research downgraded shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Oppenheimer initiated coverage on shares of JBT Marel in a research report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.50.

JBT Marel Stock Performance

Shares of JBTM stock opened at $118.28 on Tuesday. The stock has a fifty day moving average price of $132.31 and a 200 day moving average price of $135.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.24. The stock has a market cap of $6.14 billion, a PE ratio of 32.23, a P/E/G ratio of 1.27 and a beta of 0.94. JBT Marel has a 1 year low of $113.23 and a 1 year high of $170.19.

JBT Marel (NYSE:JBTM) last posted its earnings results on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.07). JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. The firm had revenue of $981.00 million during the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Sell-side analysts forecast that JBT Marel will post 8.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. acquired a new stake in shares of JBT Marel during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC purchased a new position in shares of JBT Marel during the second quarter valued at approximately $28,000. Parallel Advisors LLC lifted its stake in shares of JBT Marel by 1,211.8% during the first quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock valued at $29,000 after buying an additional 206 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in JBT Marel during the second quarter worth approximately $29,000. Finally, Group One Trading LLC boosted its position in JBT Marel by 49.3% during the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after acquiring an additional 72 shares during the last quarter. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

JBT Marel Company Profile

JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.